Australian Market is Trading into Losses Consecutively for 6th Session

• The Australian markets are trading into losses consecutively for sixth trading session and extending the sell-off of the past sessions. In morning session, the benchmark S&P/ASX 200 is up 3.5 points, or 0.1 per cent, at 5107.7, while the broader All Ordinaries has gained 2.7 points, or 0.1 per cent, to 5112.2. Losses in materials (down 0.4 per cent) are being offset by gains in financials (+0.2 per cent) and industrials (+0.4 per cent).

• This is how banking and mining shares are dragging today's market:

• Westpac: +1.1% at $31.21
• NAB: +0.5% at $33.03
• ANZ: +0.2% at $30.66
• CBA: -0.3% at $74.31
• QBE: -3% at $10.685
• BHP: flat at $36.18
• Rio: -0.5% at $65.43

• The Australian dollar (AUD) spiked to a day's high of 90.82 US cents on the jobs data. Presently, it is trading at 90.26 US cents.

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